Property profile

8161 Broadview Rd Broadview Heights, OH 44147

OFF-MARKET
Retail space
Property ID
US66-1849874
8,677 SF 1.1 ac lot Built 1936
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,800-square-foot standalone retail building is situated on a 1.1-acre quasi-corner lot in Broadview Heights, Ohio, at 8161 Broadview Rd, zip code 44147. The property boasts high visibility and ample parking (approximately 25 spaces), making it an ideal location for a variety of businesses. The building features 10-foot ceilings, five large rooms, several smaller offices, and five bathrooms, along with a kitchen. It's currently occupied by a single tenant under a lease, with a 5+ year lease term desired. The building is zoned C1 - Local Retail Commercial, offering flexibility for various uses. The property benefits from its location on a busy retail corridor, near many national and local retailers, and within two miles of I-77. The average household income within a one-mile radius is $116,571. The building has 3-phase, 240V, 200-amp power. The tenant is responsible for NNN expenses, including taxes (approximately $1.33/SF in 2023), insurance (approximately $0.23/SF in 2024), utilities, trash removal, snow plowing, and landscaping. Additional land at the rear of the building offers potential for expansion or outdoor amenities. Please note that the building is currently occupied

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1936
Construction TYPE NOT SPECIFIED
Total area 8,677 SF
Lot 1.1 ac (48,112 SF)
Zoning code C-1
APN 581-27-006
UPID US66-1849874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

8161 Broadview Rd Broadview Heights, OH 44147-1627
Broadview Heights metro Census 136103 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$205k

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2011
$25,933
2010
Price N/A
2008
Price N/A

Zoning & alternative use

C-1 · Broadview Heights, OH
Zoning description

The purpose of the C-1 Local Retail Commercial District is to provide for the need to have convenience goods in close proximity to residential neighborhoods. Typically, the permitted uses allowed in such District tend to…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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